Satin Creditcare Network Limited secured shareholder approval to issue up to 38,50,000 fully convertible warrants to an entity belonging to the promoter and promoter group on a preferential basis. The resolution was passed with 99.02% of the valid votes cast in favor through a postal ballot process conducted via remote e-voting, which concluded on July 4, 2026. This approval allows the company to raise capital by allotting warrants to its promoters, a move that requires shareholder consent under regulatory norms.

The postal ballot notice was sent to members whose names appeared in the register of members or list of beneficial owners as of May 29, 2026. Remote e-voting commenced on June 5, 2026, and concluded on July 4, 2026. The process was scrutinized by Devesh Kumar Vasisht, Managing Partner of DPV & Associates LLP, to ensure transparency and compliance with the Companies Act, 2013, and SEBI regulations.

Voting Results

The special resolution received strong support from shareholders. A total of 215 shareholders participated in the voting process, representing 4,16,96,651 equity shares. The detailed voting pattern is outlined below:

Shareholder Participation

The fully paid-up share capital of the company stood at 11,04,70,965 equity shares of ₹10 each as on the cut-off date. While the total number of votes cast was significant, votes from 5 promoters holding 3,95,54,351 equity shares were not considered for passing the resolution, as per the scrutiny report. Public institutional shareholders and public non-institutional shareholders participated actively, with the latter category showing a dissent of 1.19%.

The resolution has been deemed passed as of July 4, 2026, the last date of the remote e-voting process. The register containing the details of the remote e-voting will be handed over to the Company Secretary & Chief Compliance Officer for preservation after the minutes are signed by the Chairman.

Satin Creditcare Network Limited 's board approved raising funds up to ₹5,000 crore through the issuance of Non-Convertible Debentures (NCDs) on June 23, 2026. The debt issuance will be conducted in one or more tranches on a private placement basis within one year of shareholder approval. This capital raise aims to strengthen the company's financial base and is subject to necessary regulatory clearances.

The board meeting, convened pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, also addressed governance matters. The committee re-appointed Mr. Vikas Gupta as Chief Compliance Officer for a three-year term effective July 11, 2026, to July 10, 2029, in line with RBI guidelines for NBFCs.

Key Details of the Fundraising Proposal

The following table outlines the parameters of the proposed NCD issuance as per the disclosure:

The company announced that its 36th Annual General Meeting (AGM) is scheduled for August 7, 2026, via Video Conferencing. Shareholder approval for the NCD issuance will be sought during this meeting. The specific terms, including tenure, coupon rate, and listing details, will be finalized by the Working Committee of the Board for each tranche.

The intimation was filed by Vikas Gupta, Company Secretary & Chief Compliance Officer of Satin Creditcare Network Limited.